Month: May 2024

Florida

South Florida home sales ‘defy gravity’ as cash remains king – WLRN

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South Florida’s housing market bucked the national trend in April, new data reveals. While sales of existing homes fell nationwide last month compared to March, they picked up in South Florida even as more homes and condos were for sale. “Defying gravity” is how the chief economist of the Miami Association of Realtors described the regional housing market. “Strong job growth, elevated migration, and more cash buyers are mitigating the blow of higher mortgage rates,” said Gay Cororaton in a news release. Nationally, the existing home sales fell 1.9% month…

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Florida

Florida real estate: Home prices up in St. Lucie and Martin, down in Indian River – AOL

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Gannett Ananya Tiwari, Treasure Coast Newspapers May 24, 2024 at 5:08 AM Residential Real Estate Sales on the Treasure Coast The Treasure Coast real estate market saw increased home prices in most areas April, according to state and local Realtor data. Monthly market trends also saw more homes sold and listed on the market with faster sales, compared to March. More than 3,800 homes were on the market in April, the most since June 2020 when there were 3,156 homes. Home sales increased in April, which is normal during spring…

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California

Owner listing property for sale bought lot without realizing it’s completely underwater – WWNY

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ALAMEDA, Calif. (KGO) – There’s a spot on the real estate market in the San Francisco area that’s listed at about half of California’s median housing price of about $900,000, but it comes with a catch. The property is entirely underwater! For many, house hunting can be a nightmare. But in the city of Alameda, one property is hitting the market for only a couple hundred thousand dollars. “One of the neighbors contacted me and said, ‘Oh, is this a joke?’ And I said, ‘No, it’s not a joke. Someone…

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California

Owner listing property for sale bought lot without realizing it’s completely underwater – WDBJ

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ALAMEDA, Calif. (KGO) – There’s a spot on the real estate market in the San Francisco area that’s listed at about half of California’s median housing price of about $900,000, but it comes with a catch. The property is entirely underwater! For many, house hunting can be a nightmare. But in the city of Alameda, one property is hitting the market for only a couple hundred thousand dollars. “One of the neighbors contacted me and said, ‘Oh, is this a joke?’ And I said, ‘No, it’s not a joke. Someone…

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California

Owner listing property for sale bought lot without realizing it’s completely underwater – WDBJ

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ALAMEDA, Calif. (KGO) – There’s a spot on the real estate market in the San Francisco area that’s listed at about half of California’s median housing price of about $900,000, but it comes with a catch. The property is entirely underwater! For many, house hunting can be a nightmare. But in the city of Alameda, one property is hitting the market for only a couple hundred thousand dollars. “One of the neighbors contacted me and said, ‘Oh, is this a joke?’ And I said, ‘No, it’s not a joke. Someone…

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USA

The Housing Market During Election Years – Bankrate.com

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ajcasanova/Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Despite the common belief that elections negatively impact the housing market, data does not prove out that theory. The housing market is influenced by a variety of factors, including supply and interest rates, that have a greater impact than a presidential election. For most Americans, election results will have little direct effect on their income and therefore should not significantly impact their decision to buy or sell a home. Another presidential election looms, and that means it’s time to debate the quadrennial…

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Florida

Florida real estate: Home prices up in St. Lucie and Martin, down in Indian River – Yahoo Finance

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Residential Real Estate Sales on the Treasure Coast The Treasure Coast real estate market saw increased home prices in most areas April, according to state and local Realtor data. Monthly market trends also saw more homes sold and listed on the market with faster sales, compared to March. More than 3,800 homes were on the market in April, the most since June 2020 when there were 3,156 homes. Home sales increased in April, which is normal during spring and summer. Despite high interest rates, St. Lucie County had robust home…

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USA

15 States With The Highest Average Home Prices – Forbes

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Table of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} Housing markets today are in unprecedented territory. Low interest rates, a pandemic, high demand and low inventory have combined to set housing prices soaring. How much? According to the U.S. Census Bureau and HUD, the median home price across the country in April 2022 was $450,600. With real estate prices on the rise and inflation increasing the cost of living everywhere, finding a top moving company can help make your relocation smoother and more cost-effective. Market predictions vary…

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Las Vegas Nevada

‘Epicenter of Las Vegas’: $67M downtown high-rise to start construction in fall – Las Vegas Review-Journal

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The Cello Tower high-rise condominium project announced it has sold 39 of its 240 units valued at $67 million as it prepares to start construction this fall ahead of a late 2026 opening. There are reservations for another 90 residences. The 240 units in the 32-story tower are part of a larger mixed-use development in Symphony Park in downtown Las Vegas — a project coming at a time when demand for luxury condos is strong. Applied Analysis reported Las Vegas set an all-time record for the average sales price of…

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Las Vegas Nevada

Las Vegas builders optimistic about market – Las Vegas Review-Journal

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Las Vegas new homebuilders are optimistic about the market after recording their best three-month stretch since interest rates started rising in 2022. The 3,422 net sales in the first quarter — sales minus cancellations — surpassed the 2,659 in the first quarter of 2023 and fell just below the 3,478 in the first quarter of 2022. Thirty-year fixed interest rates started 2022 at 3 percent and surpassed 4 percent in March before reaching 7 percent in November 2022. After dipping at the end of 2023, rates are back over 7…

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USA

Memorial Day; Declines in Organized Religion; Real Estate Market Update | Berks Perspectives – bctv.org

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Topics include: True meaning of Memorial Day; decline in church attendance, organized religion, and cults; area real estate market update & causes of the housing shortage; severe weather in the Midwest and increased insurance cost for all. Originally aired on BCTV: 5/23/24For a full listing of BCTV’s live broadcast schedule, visit https://www.bctv.org/tv-schedule/. This program was recorded via Zoom in collaboration with the BCTV studio in beautiful downtown Reading, PA. If you’re a member of the Berks County community and are interested in producing or submitting a program for air on…

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New York New York City

China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough. – The New York Times

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A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy. China has a housing problem. A very big one. It has nearly four million apartments that no one wants to buy, a combined expanse of unwanted living space roughly the area of Philadelphia. Xi Jinping, the country’s leader, and his deputies have called on the government to buy them. The plan, announced last week, is the boldest move yet by Beijing to stop the tailspin…

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